Masisizane's mission is to be a leading development finance institution in South Africa that contributes visibly to economic transformation by enabling sustainable development of a large number of SMMEs, facilitating job creation, increased financial and business skills that in turn translates into significant social benefits to communities in the form of wealth creation, sustainable home-building, access to education, and re-investment into the economy.
The Section 21 Company was capitalised from proceeds of the sale of shares following the closure of the Old Mutual Unclaimed Shares Trust in 2007, after a process of extensive consultation with various stakeholders and approval from Old Mutual shareholders.
The main elements of Masisizane’s value proposition are depicted in the diagram below:
The overarching measure of Masisizane’s success is poverty alleviation through job creation in the second economy.
Our Mission
Masisizane will play a significant role in poverty alleviation in South Africa by financing enterprise development, encouraging entrepreneurship and the development of skills, thereby contributing to the sustainability of micro, small and medium-sized businesses, job creation in the second economy and a more caring society. Masisizane will work with partners where leveraging combined efforts will improve effectiveness in achieving the vision and will facilitate business-to-business and business-to-government partnerships in economic and social transformation.
What differentiates Masisizane
Masisizane is a development financing organisation, with the following unique characteristics.
- Emphasis on enabling small businesses to grow sustainably.
- Facilitates access to business resources for currently disadvantaged businesses, i.e. those that are unable to access financing from traditional sources like commercial banks.
- Has ability to leverage networks, experts and knowledge resources for capacitating businesses and facilitating market access toward sustainability of the enterprise.
- Adopts a partnership approach where this facilitates cost effective and expedient implementation of the strategy.
- Focuses on the delivery of positive social impact to communities served.